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BT Question:

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Gregory1776
Valued Contributor

BT Question:

Just submitted for a BT to USB from my Discover (hopefully which ill get to zero in the restaurant quarter), filling the application i made the “Payee” me, with my address and all....this is correct right? Or is Disco the payee? Wasn’t explained anywhere, and I couldn’t go back. 

 

Any help, Thanks! 🤗

 

3 REPLIES 3
gdale6
Moderator Emeritus

Re: BT Question:


@Gregory1776 wrote:

Just submitted for a BT to USB from my Discover (hopefully which ill get to zero in the restaurant quarter), filling the application i made the “Payee” me, with my address and all....this is correct right? Or is Disco the payee? Wasn’t explained anywhere, and I couldn’t go back. 

 

Any help, Thanks! 🤗

 


Typically the payee is the one you are transferring to unless its a check that has been given you for a BT. I would call them tomorrow and see about getting it updated.

Message 2 of 4
tcbofade
Super Contributor

Re: BT Question:

Never done a BT with USB, but as mentioned, "Payee" is generally who the dollars are going to.

 

You may have just done a balance transfer to yourself... which SOME banks will treat just like any other BT, but some don't. 

 

You definitely want to call them tomorrow and see.

 

Good luck!

04/01/24 Fico 8: EX 763, EQ 799, TU 783.
Fico 9: EX 756 03/13/24, EQ 790 02/04/24, TU No idea.

Zero percent financing is where the devil lives...
Message 3 of 4
NRB525
Super Contributor

Re: BT Question:

OP, besides your name and address, what “account number” did you provide?
High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
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May 2021 Paid all Installments and Mortgages, one new Mortgage EQ 761 TY 774 EX 777
April 2022 EQ=811 TU=807 EX=805 - TU VS 3.0 765
Message 4 of 4
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